The following transactions occurred for Lexington Engineering (Click the icon to view the transactions. (Click the icon to view the journal entries.) Read the requirements Requirements 1 and 2. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 balance for each account. Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts. (For accounts with a $0 balance, make sure to enter"0" in the appropriate cell on the normal side of the account.) Cash Accounts Payable Service Revenue Choose from any list or enter any number in the next question More Info July 2 Received $11,000 contribution from Bart Lexington in exchange for common stock. 4 Paid utilities expense of $400. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,400. 12 Borrowed $6,900 cash, signing a notes payable. 19 Cash dividends of $350 were paid to stockholders. 21 Purchased office supplies for $830 and paid cash. 27 Paid the liability from July 5. Date Accounts and Explanation Debit Credit Jul. 2 Cash 11,000 11,000 Jul. 4 400 Common Stock Issued common stock for cash. Utilities Expense Cash Paid cash expenses Equipment Accounts Payable Purchase of equipment on account. 400 Jul. 5 2,500 2,500 Reference Jul. 10 3,400 3,400 Jul. 12 6,900 6,900 Accounts Receivable Service Revenue Performed services on account. Cash Notes Payable Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Jul. 19 350 350 Jul. 21 830 Print Done Jul. 19 350 Jul. 21 Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash | Paid cash on account. 830 Jul. 27 2,500 2,500 Print Done